Post
Topic
Board Bitcoin Discussion
Re: CZ Sentenced, Your Bitcoin in their Custody
by
EarnOnVictor
on 07/05/2024, 17:43:21 UTC
The fact that Binance even has issues with my country has made me almost completely stop working with it...
Binance doesn't have any issue with our country. It's just this present administration that has an issue with Binance and cryptocurrencies in general. I believe you would've realized that now and with the OKX thing too. I believe this attitude is likely to spread to many more exchanges. If Binance had an issue with Nigeria, it would've frozen assets belonging to Nigerians on its platform long time ago. Nigerians still can trade their cryptos on Binance till date. It's just that we can't convert to the local naira. That's all. This shows that government was the one that asked Binance to remove the naira pair on its P2P. It's the same naira pair removal thing on OKX.
We are still saying the same thing and what you explained still means that Binance has issues with Nigeria since the stances and policies of the government make Nigeria and whatever is happening in it or related to it. As for the OKX, I received the news with a heavy heart, but according to the latest meeting with the new SEC's DG, I realised that it has a presence in Nigeria, unlike Binance. And according to the Punch newspaper today, it was one of the stakeholders that joined the virtual meeting with the DG and it was claimed that OKX did not stop the P2P on their platform by force or threat but for solidarity with the government.

But I still wonder what that solidarity is for. Maybe it's because they have a presence in the country and want to obey the law of the land. But I doubt if some of the other exchanges will yield unless they sue them. Let's see how that unfolded over time. However the issue of Binance with the government is far different from that of the OKX with the government, you can't just compare that.